** AI chip behemoth Nvidia's NVDA.O shares fall 3.4% to $107.22 after media report Huawei is preparing to test its latest, most powerful AI processor to challenge NVDA chips
** Separately, Huawei [RIC:RIC:HWT.UL] plans to begin mass shipments of its advanced 910C AI chip to Chinese customers as early as next month, Reuters had reported earlier in April
** The U.S. government's tighter curbs on shipments of advanced chips to China, such a Nvidia's H20 tailored to meet earlier export restrictions, have hurt American chipmakers' access to the country' key semiconductor market
** This could lead to more Chinese customers relying on domestic chipmakers like Huawei, analysts say, threatening NVDA's market position
** AI chip peer AMD AMD.O down 1.8% at $94.92
** Analysts' average recommendation for NVDA shares is "buy"; their median PT is $169.00- LSEG
** NVDA down ~20% YTD, pressured by trade tensions and investor jitters around pay-outs from heavy AI-linked spending
(Reporting by Arsheeya Bajwa in Bengaluru)
((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.